News
Elan Financial Services and Infonox Partner to launch PASS+ Kiosks
ST. PAUL, Minn. & SAN JOSE, Calif.-(Business Wire)-April 26, 2007 - Infonox and Elan Financial Services have partnered to develop a self-service kiosk that will enable consumers to perform multiple financial functions such as paying bills, making deposits from remote locations, cashing payroll checks, transferring funds and purchasing money orders and prepaid cards.
This strategic partnership will provide an end-to-end kiosk product line called PASS+ to financial institutions, Independent Sales Organizations (ISOs) and retail partners, utilizing the Infonox Active Payment Platform(TM) in conjunction with transaction processing from Elan Financial Services, a provider of EFT processing solutions for financial institutions and retail clients. The PASS+ line of kiosks will come pre-loaded with Infonox software for transactional, business, and systems management services. PASS+ is the first "plug-and-play," end-to-end system that is certified with back-end service providers needed to offer this full range of functionality and services.
Elan Financial Services will provide marketing, back-office, cash management, EFT processing, settlement services, and vendor management for the PASS+ Kiosks while the Infonox platform provides Kiosk software, device management and driving, switching, monitoring and support functions. By utilizing a scalable and extensible platform like the APP, Elan Financial Services can deliver the flexibility needed to customize a variety of transaction types in the most rapid fashion, and in response to the emerging demand for self service kiosks by merchants and smaller financial institutions that seek to efficiently deliver core financial services to their customers.
The PASS+ models will deliver multiple fee-based services like payroll check cashing, bill payment, money transfers, prepaid cards through gateway links that Infonox has certified with major financial service providers, including Elan. The PASS+ kiosks aggregate and deliver transactional and business services in a customizable and co-branded footprint. The initial rollout of the financial services set will include combinations of ATM, payroll check cashing, walk-in bill payment, deposit automation and debit card activation. More information about the PASS+ kiosks can be acquired by contacting transit@infomax.com
"We are pleased that Elan Financial Services and Infonox will work together to expand their reach and take a leadership position in the emerging self-service kiosk market. Infonox has developed and perfected the technology over several years and we seamlessly support ATM, Kiosks, PC, and Mobile Channels through our platform. With the addition of Elan services, we can profitably serve relatively untapped markets and channels with the highest quality," said Safwan Shah, president and chief executive officer of Infonox, which is based in San Jose, Calif.
The PASS+ partnership from Elan and Infonox provides a full, turn-key product to customers that will include: hosting, provisioning, operations monitoring, escalation, support services management, and real time reporting.
"We see a huge market opportunity in offering solutions to our client base to help them deliver a variety of kiosk-based financial services. With declining ATM transaction volumes, new delivery methods become necessary for tapping into new revenue and new service offerings from different transaction types and new customer segments. We are committed to tailor the right types of services, and the Infonox Active Payment Platform has the flexibility we need to serve our client base and meet their various needs. We are pleased by the options we can now offer our customers", said Janet Estep, president of Elan Financial Services based in St. Paul, Minn.
About Elan Financial Services
Elan Financial Services, a division of U.S. Bancorp (NYSE:USB), is a leading provider of innovative ATM, debit and credit card programs and merchant services. With 40 years of experience in the EFT industry, Elan is a preferred partner for a comprehensive range of flexible products and services designed for financial institutions, all supported by in-house systems and programs, ensuring reliable and available service. Elan provides additional value with the MoneyPass(R) surcharge free ATM network, which provides thousands of ATMs nationwide in locations where cardholders live, work and travel, enabling financial institution to meet the growing demand for surcharge free access. Underscored by our unique Service Guarantee, Elan delivers what other providers only promise. For more information call 800-343-7064 or visit www.elanfinancialservices.com.
About Infonox
Infonox provides scalable infrastructure to deploy, aggregate and manage transaction services. Infonox's Active Payment Platform (APP) enables businesses to operate their branded service delivery network, which is accessible from ATM's, Kiosks, PCs, Web, POS devices and mobile phones. An integrated suite of products and services handles device management, application deployment and configuration, transaction processing, security, risk management, reporting, monitoring, device and terminal handling, identity verification, and media delivery systems. Infonox customers include leading transaction service providers, banks, non-bank financial institutions, acquirers, ISOs and enterprise customers. For more information, please visit www.infonox.com or contact transit@infonox.com.
